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July Construction Starts Increase 6%, Down Slightly Year to Date

The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants , located respectively in California and New York. Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines .  Running counter was a 7% slide for nonresidential building following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for healthcare facilities in July.  During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago.  Dampening the year-to-date performance for total construction was a steep 44% decline for t...

July Construction Starts Increase 6% Nationwide | 2017-08-23

The value of new construction starts in July advanced 6 % from the previous month to a seasonally adjusted annual rate of $728.1 billion, according to the most recent report from Dodge Data & Analytics.   Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants in California and New York.   Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines . Running counter was a 7% slide for nonresidential building , following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for health care facilities in July.   During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago. Dampening the year-to-date performance for total construction was a steep 44% declin...

Lieff Cabraser space prepped at 222

Development Aug 25, 2017   Share Also: Freeman Webb buys in Alabama; Turner releases quarterly report ; Cool Springs Hilton topped The space for the future Nashville office of Lieff Cabraser Heimann & Bernstein is being prepped at 222 2nd, the SoBro-based mixed-use tower soon to open. Thomas Constructors is handling the build-out, with a permit valued at $600,000. The building (pictured as a rendering in the center of the above photo) is located at 222 Second Ave. S. Nashville-based Gresham Smith & Partners designed the tower and will be a tenant. Lieff Cabraser is based in San Francisco. The local office operates at One Nashville Place in the CBD. Cool Springs Hilton topped The building to eventually house the 244-room, eight-story Hilton Franklin/Cool Springs Hotel has been topped. Developer Chartwell Hospitality has slated a ceremony to recognize the milestone for Tuesday, Aug. 29, according to a release. Once completed in summer 2018, the project will include a two...

Lake Wylie SC residents mull runoff woes

Fish, most of them the length of an outstretched hand outstretched , seem to know Tea Hoffmann. They form a school at the sound of footsteps on her dock. They wait in the shallows for morsels of cereal or bread. And shallower and shallower they are. “I’m all for people selling their property, making money and all of that,” said Hoffmann, one of six homeowners with docks on a small cove off Mill Creek. “I do not want them just clearing everything and making this cove fill up with dirt.” Hoffmann moved to the area five years ago, but she hadn’t seen anything like what she did Monday. Rain fell, and water began rushing from a construction site at the head of the cove. Only it wasn’t just water. Hoffmann photographed and videoed muddy water pouring into the lake. “That’s the first day that it happened,” Hoffmann said. “It even stained the rocks, it was so bad.” Apartments have been under construction just beside Senator Road for a few months. When it rains, water runs into the lake. But...